The associations wrote:
[T]he amendment has only rewarded big-box stores with higher profits, while resulting in higher costs to smaller merchants, fewer resources available for banks -- including community banks -- to serve their communities, and a reduction in low-cost banking services for those most in need. [R]etailers cannot produce evidence that they have returned the proceeds of the Durbin Amendment to consumers in the form of lower prices. Fewer services and higher costs for consumers is not an acceptable policy outcome for a law that promised tangible benefits for American debit card customers.
Read the letter.